Africa: Airtel Africa, Ecobank, Stanbic Ibtc Top Stocks to Watch This Week


Sterling Bank and Sovereign Trust Insurance also made the list.

The Nigerian bourse saw a surge of 4.25 per cent last week, with the NGX 30 (the index that tracks the top 30 stocks by liquidity and market capitalisation) touching an unprecedented height, both affirming investors’ renewed faith in stocks.

A number of first quarter earnings reports were issued and a couple of them were strikingly impressive, boosting confidence.

PREMIUM TIMES has assembled a number of stocks with fundamentals and other potential, adopting key analytical approaches to save you the hassle of randomly picking equities for investment.

The selection, a product of market analysis, offers a guide to entering the market and taking strategic positions in hopes that equities will gain value with the passage of time, particularly in the short term.

This is not a buy, sell or hold recommendation but a stock investment guide. You may have to involve your financial advisor before taking investment decisions.


Airtel Africa tops this week’s pick on the basis of recording an 82 per cent jump in after-tax profit to $755 million for 2021.

The wireless operator’s revenue surged by 20.6 per cent to $4.7 billion within the period.


ETI appears on the selection for trading well below its intrinsic value. The lender’s earnings per share (EPS) at the end of the last trading session was N4.65, with a price-to-earnings (PE) ratio of 2.78x.